TORONTO, June 24, 2014 /CNW/ - Wallbridge Mining Company Limited (TSX: WM, FWB: WC7) ("Wallbridge") today announced that it is accelerating its exploration program on the
Wisner joint venture properties in response to new mineralization being
identified in all five target areas investigated so far this year.

Highlights:

All nine drill holes in the new Twisted Wrench target area intersected
weak Cu mineralization;

Additional copper mineralization intersected at the high grade Cu-PGE
South Zone occurrence;

Anomalous Cu-PGE's intersected in drilling at the new Rusty Blade target
area;

Wallbridge's 2014 program is focused on the North Range Joint Venture
("NRJV") and Sudbury Camp Joint Venture ("SCJV") both funded by Lonmin
Plc ("Lonmin") and operated by Wallbridge. These have total approved
budgets of over $5.1 million running from October 1 to September 30
following Lonmin's fiscal year. Over 16,000 metres of exploratory
drilling is forecasted for the Lonmin funded joint ventures this year.

Current work is focused on the Wisner properties ("Wisner") which are part of the NRJV (see Wallbridge press
release dated December 17, 2013). Wallbridge and partner Lonmin have
agreed to reallocate funds from the overall exploration budget to
increase spending on Wisner to $2.6 million from $2.0 million which
will accelerate Lonmin's earn-in on the Wisner property package. Wisner
has the potential to host numerous Sudbury "Footwall-Type" copper,
platinum, palladium and gold ("Cu-PGE") deposits including small near
surface deposits, similar to Wallbridge's Broken Hammer open pit mine,
as well as larger higher grade deposits at depth, similar to elsewhere
in Sudbury.

Two drills, mechanical stripping, and prospecting crews are currently
active testing exploration target areas at Wisner (Figure 1). Drilling
planned in each target area includes 200-400 meter holes to test
near-surface Cu-PGE occurrences and geophysical targets. A second stage
of drilling will include 500-1000 meter holes with borehole geophysics
to test the more significant intersections at depth.

One drill is currently testing the large Twisted Wrench target area at Wisner. To date, all nine drill holes in this area have
intersected weak disseminated and fracture controlled copper sulphide
mineralization. Drilling at this area is planned to continue into July.

The second drill at Wisner is working near the South Zone Cu-PGE occurrence testing a number of shallow geophysics anomalies and
stepping out from known narrow Cu-PGE intersections. Previously
released results include samples containing 25.50 % Cu and another
containing 151.95 g/t TPM (Pt + Pd + Au). Drill hole WIS-004
intersected 3.35 m of 2.30 g/t TPM (1.17g/t Pt, 0.99 g/t Pd, and 0.14
g/t Au), 0.18 % Cu and 0.05 % Ni from 5.00 to 8.35 m (previously
released results).

Narrow high grade Cu-PGE veins (Table 1) extending up to 60 metres east
of Wallbridge's Broken Hammer open-pit mining project were intersected
in four of eight drill holes (see Wallbridge press release dated April
29, 2014). This trend is open at depth and to the northeast.

Table 1. Highlight assays from drilling east of the Broken Hammer
open-pit mining project (true widths are 70-90% of core lengths). Results fromWIS-136 were previously released April 29, 2014.

Drill Hole

From m

Tom

Lengthm

TPMg/t

Ptg/t

Pdg/t

Aug/t

Agg/t

Cu%

Ni%

S%

WIS-136

23.36

24.54

1.18

4.39

0.64

3.58

0.17

1.69

2.22

0.04

1.77

including

24.06

24.54

0.48

10.79

1.57

8.81

0.41

4.16

5.46

0.11

4.36

WIS-143

17.67

18.88

1.21

1.59

0.60

0.80

0.19

1.51

0.38

0.04

0.36

WIS-144

15.48

15.98

0.50

1.11

0.33

0.73

0.06

2.21

1.25

0.07

1.34

WIS-144

21.63

22.52

0.89

2.48

1.38

1.02

0.09

0.42

0.29

0.05

0.30

WIS-145

15.08

19.15

4.07

1.17

0.34

0.76

0.06

0.90

0.22

0.01

0.19

including

15.08

15.40

0.32

2.07

0.45

1.54

0.08

0.07

0.00

0.00

0.30

and

16.39

17.83

1.44

2.03

0.45

1.51

0.07

1.13

0.56

0.03

0.28

WIS-145

78.55

79.28

0.73

3.18

2.60

0.56

0.02

0.55

0.06

0.05

0.58

Drilling this summer is also planned at the Toothless Saw and Southwest Zone target areas. The Toothless Saw target area includes a new copper
occurrence identified by prospecting this spring within a 900 metre
long corridor of soil and geophysics anomalies, including a conductor
identified by the 2014 UTEM5 ground electromagnetic ("EM") survey. At
the Southwest Zone, previous exploration has identified a 600 metre
long trend of high grade Cu-PGE-Ni occurrences. Mechanical stripping in
2012 uncovered a new trend of Cu-PGE occurrences with selected samples
containing up to 3.90 % Cu with 6.62 g/t TPM. Highlights from previous
shallow drilling at the Southwest Zone include drill hole WIS-078 which
intersected two zones including 0.5 metres of 26.69 g/t TPM (9.71 g/t
Pt, 16.25 g/t Pd, and 0.73 g/t Au), 2.35 % Cu and 1.25 % Ni from 65.5
to 66.0 metres down hole and 13.7 metres of 0.99 g/t TPM (0.43 g/t Pt,
0.49 g/t Pd, and 0.08 g/t Au), 0.11 % Cu and 0.04 % Ni from 109.8 to
123.5 metres down hole (see Wallbridge press release dated October 30,
2012).

Wisner includes five underlying properties which cover 10 kilometres
strike length of prospective geology, includes several high grade
Cu-PGE occurrences, and has over a dozen identified target areas.
Wisner is adjacent to Wallbridge's Broken Hammer open-pit mining
project and several Ni-Cu-PGE deposits owned by Vale and Glencore.
Lonmin may earn up to a 50% interest in Wisner by funding exploration
and making cash option payments totalling $6.0 million over 3 years.
Lonmin may then earn an additional 15% interest by committing to fund
the Wisner Properties through to a definitive feasibility study and
securing the Wallbridge portion of financing through to commercial
production.

Exploration is also underway on the Sudbury Camp Joint Venture ("SCJV") and the original North Range Joint Venture ("NRJV") properties with Lonmin. The SCJV has a budget of USD $1.6
million this year, further drilling is planned at the Skynner Lake and
Trill properties for August and September. Although $0.6 million has
been reallocated specifically to accelerate the Wisner project,
exploration funding of $0.9 million is retained for work on the
original North Range properties. Fieldwork is underway to follow-up
geophysical anomalies and to better constrain and prioritize drilling
targets.

Wallbridge is also exploring on the Parkin Offset property, a joint venture with Impala Platinum Holdings Limited, the Frost Lake property, a joint venture with Glencore, and on a number of 100% owned
properties in Sudbury. These projects currently have reduced minimum
programs.

The Qualified Person responsible for the technical content of this press
release is Joshua Bailey, P.Geo., M.Sc., Vice President Exploration For
Wallbridge Mining Company Limited.

About Wallbridge Mining

Wallbridge Mining Company Limited (WM:TSX) is currently operating its first polymetallic mine, producing copper,
platinum, palladium, and gold from the Broken Hammer open pit mine in
Sudbury, Ontario, Canada's premier mining district.

Wallbridge is also actively exploring a large package of properties in
Sudbury, including operating several significant exploration joint
ventures with partners Lonmin Plc, Impala Platinum Holdings Limited and
Glencore in Sudbury.

In 2005, Wallbridge created Duluth Metals Limited (TSX:DM) to explore
and develop projects in Minnesota, USA. Duluth Metals has since defined
the world's largest undeveloped sulfide platinum group metals, copper
and nickel deposit which it is developing through Twin Metals Limited,
a joint venture with copper producer Antofagasta Plc. Wallbridge
currently retains 10.1 million shares of Duluth Metals (7.4%).

In 2010, Wallbridge created Miocene Metals Limited (TSXV:MII) to explore
and develop porphyry copper-gold-molybdenum projects in British
Columbia, Canada, within a previously under-recognized belt of
Miocene-age intrusions. These projects are early stage with large
mineralized structures and alteration zones that are ready for drilling
with potential for large tonnage deposits. Miocene is currently in the
process of merging with Carube Resources Inc. which has an attractive
portfolio of copper-gold exploration properties in Jamaica which are
joint ventured with OZ Minerals. Wallbridge currently retains 28.4
million shares of Miocene Metals (40.5%).

Wallbridge has a record of successfully generating high potential
mineral projects and structuring partnerships and new companies to
create value for its shareholders and its partners.

This press release may contain forward-looking statements (including
"forward-looking information" within the meaning of applicable Canadian
securities legislation and "forward-looking statements" within the
meaning of the US Private Securities Litigation Reform Act of 1995)
relating to, among other things, the operations of Wallbridge and the
environment in which it operates. Generally, forward-looking
statements can be identified by the use of words such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or
statements that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved".
Wallbridge has relied on a number of assumptions and estimates in
making such forward-looking statements, including, without limitation,
the costs associated with the development and operation of its
properties. Such assumptions and estimates are made in light of the
trends and conditions that are considered to be relevant and reasonable
based on information available and the circumstances existing at this
time. A number of risk factors may cause actual results, level of
activity, performance or outcomes of such exploration and/or mine
development to be materially different from those expressed or implied
by such forward-looking statements including, without limitation,
whether such discoveries will result in commercially viable quantities
of such mineralized materials, the possibility of changes to project
parameters as plans continue to be refined, the ability to execute
planned exploration and future drilling programs, the need for
additional funding to continue exploration and development efforts,
changes in general economic, market and business conditions, and those
other risks set forth in Wallbridge's most recent annual information
form under the heading "Risk Factors" and in its other public filings.
Forward-looking statements are not guarantees of future performance and
such information is inherently subject to known and unknown risks,
uncertainties and other factors that are difficult to predict and may
be beyond the control of Wallbridge. Although Wallbridge has attempted
to identify important risks and factors that could cause actual
actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors and risks that
cause actions, events or results not to be as anticipated, estimated or
intended. Consequently, undue reliance should not be placed on such
forward-looking statements. In addition, all forward-looking statements
in this press release are given as of the date hereof.

Wallbridge disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, save and except as may be required by
applicable securities laws. The forward-looking statements contained
herein are expressly qualified by this disclaimer.